Global personal wealth grew 10.8% in 2025, the fastest expansion in eight years, according to the 17th UBS Global Wealth Report.
Wealth gains vary widely by region
Europe, the Middle East and Africa posted the highest growth at 17.5%, while the Americas rose 8.5% and Asia‑Pacific expanded 5.9%. Currency moves, especially a weaker U.S. dollar, amplified gains outside the United States.
Average versus median wealth paints different pictures
Switzerland leads average wealth per adult at $910,382, followed by the United States at $696,277 and Luxembourg at $654,732. Using median wealth, America falls to 28th place with $68,998, highlighting concentration at the top.
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Canada ranks 13th in average wealth ($399,886) but seventh in median terms ($147,811), highlighting a more even distribution compared with its southern neighbor.
North America as a region still tops average wealth per adult at $660,000, with Australia and New Zealand close behind near $590,000. Western Europe averages just over $330,000.
Millionaires added at a record pace
The global count of millionaires rose 1.5% in 2025, adding close to one million new individuals—more than 2,600 per day. The United States contributed nearly half of this increase, with over 440,000 new millionaires.
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China, Japan, Germany, the United Kingdom and France each maintain more than two million millionaires, keeping them in the top tier of wealth holders.
Long‑term trends show regional outliers
Since 2020, South Korea has recorded the strongest real growth in average wealth per adult, exceeding 50% gains. Croatia, Norway, Latvia, Taiwan and Bulgaria each posted increases above 25% over the same five‑year span.
Wealth distribution shifts at the lower end
Adults holding less than $10,000 in wealth fell from about 75% in 2000 to just over 41% in 2025, reflecting expansion in middle and upper segments.
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Outlook points to asset diversification
Wealth patterns keep evolving.
Overall, the United States and mainland China together hold more than half of global personal wealth, reinforcing their dominant positions in the worldwide picture.
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